<b>Fund Pick:</b> Diversified outperformer

SBI Magnum Multicap has featured in the top 30 percentile over the past eight quarters

Launched in September 2005, SBI Magnum Multicap Fund is classified under the equity diversified category of CRISIL Mutual Fund Ranking. It has featured in the top 30 percentile (CRISIL Fund Rank 1 or 2) over the past eight quarters as of September 2016. The fund's quarterly average assets under management (AUM) are at Rs 1,291 crore in December 2016. The fund is managed by Richard D'Souza.

The fund aims to provide investors with opportunities for long-term growth in capital, along with the liquidity of an open-ended scheme. This is achieved through an active management of investments in a diversified basket